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  1. W

    Job required to open brokerage account?

    I could do that but I am on the "layoff list" and it is likely that if they verify H.R. would inform them. Some of the guys had tried to refinance their homes and were denied due to the coming layoff. I am personal friends with my manager though, I think I will ask him if he would verify...
  2. W

    Job required to open brokerage account?

    I was looking at trade stations requirements & they asked for employment information. That is what prompted the question. I have always been under the impression that the only stupid question is an unasked question. I didn't intend for those of you who are much too busy to help a noob out...
  3. W

    Job required to open brokerage account?

    I expected one or two "smart ass" responses, thank you for fulfilling my expectations. Now, how much does that "fluffer" job pay, it sounds like fun...........
  4. W

    Job required to open brokerage account?

    Thanks for the replies, I would hate to have to get another job right away in order to open an account. It is difficult to monitor things when you are preoccupied with working. BTW- When I was informed of being laid off it was a feeling of great relief. It's funny how much less stress a guy...
  5. W

    Job required to open brokerage account?

    I am planning to only do covered trading, I don't want to borrow any money.
  6. W

    Job required to open brokerage account?

    I am a noob but have been educating myself on options over the past couple of years. I decided that becoming debt free was a priority over trading so I have never had a brokerage account. I have paid off my home & am now 100% debt free. (mission accomplished) My credit rating is over 750...
  7. W

    You people don't stand a chance, it took 3 years to learn just basics

    Trolls, I have yet to visit a message forum that doesn't suffer from them. I don't understand the thrill they get from posting trash but apparently there is something that gets them off about being the village idiot.
  8. W

    You people don't stand a chance, it took 3 years to learn just basics

    My goodness, don't we have a high opinion of ourselves.
  9. W

    Is it possible to make a modest living w/options?

    It is the name of the nearby town; http://www.wartracechamber.org/history.html It's where strolling Jim, grand champion Tennessee walking horse lived. The towns name is all one word.
  10. W

    Is it possible to make a modest living w/options?

    I AM the OP. I was trying to clarify WHY I stated a 3% limit on each trade which is to avoid one loss wiping out my entire account.
  11. W

    Is it possible to make a modest living w/options?

    I've learned enough to know you can't just throw money on the wall and hope it sticks. Of course you have to screen for the best possible trades. The 3% I was referring to was the amount I should risk on any one trade. Obviously it has nothing to do with the possible return of that trade...
  12. W

    Is it possible to make a modest living w/options?

    Let me get this straight in regards to the 4% return. There seems to be some conflicting posts regarding "day trading" ect........ The way I am seeing it I will need 500 dollars per spread contract to cover the possible loss (100% loss on the trade). 4% of 500 dollars is 20 dollars...
  13. W

    Is it possible to make a modest living w/options?

    I'm interested in credit spreads, selling an option and buying the next higher or lower for insurance. Bad idea?
  14. W

    Is it possible to make a modest living w/options?

    I wish there WERE guaranteed profits but if that were true everyone would be doing it, right? I am only going to proceed IF my paper trading is profitable. I am going to use limited risk strategies and not risk more than 3 to 5% per position. I am well aware of the risks involved, I am not...
  15. W

    Is it possible to make a modest living w/options?

    Thanks for the advice Dagnyt, I have been studying options for the past two years & have been doing a LOT of reading. I am only emotional about my dogs & cats (when they pass away), money doesn't really get me all misty eyed. I have learned a lot from the books as far as position sizing &...
  16. W

    Is it possible to make a modest living w/options?

    I will be getting unemployment for two years which will cover all my expenses, if need be I could find a second shift job after that to survive. I am so thankful that I put every penny into paying off the house, it is a real blessing to not have the pressure of a huge mortgage note to meet...
  17. W

    Is it possible to make a modest living w/options?

    I have been studying options for quite some time but have not attempted any trading. I felt it would be better to become debt free before I did any speculating/trading. I have now reached that goal of having a paid off home, no other debt & very reasonable fixed monthly costs. I have been...
  18. W

    Will a 5GB data plan be enough for active trading?

    Maybe they don't want anymore customers on their service? That's the only explanation I can think of. I need at LEAST 15 gb before I commit to a two year contract & I need a thirty day test drive before I would ever think of committing to them as a provider.
  19. W

    Will a 5GB data plan be enough for active trading?

    I am getting into options writing for the most part, I will just need the Internet to monitor price changes & to do research. I would really like to use vonnage with it too if possible ( I don't chat too much so it might not be a factor) The problem I have with it is that for every gig...
  20. W

    Will a 5GB data plan be enough for active trading?

    Thanks Redneck Trader, I appreciate the quick response. I am Leary of getting stuck with a bunch of "over charges". I am now paying 79.95 a month for satellite Internet but it can drop during thunderstorms around here. Verizon recently expanded their coverage to my home as did Sprint...
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